Housing Market

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Theresa May will signal that tackling the housing crisis will be a key theme of next week’s budget as pressure mounts on the chancellor, Philip Hammond, to release fresh resources to invest in building new homes.

Few opinion polls that claim to detect a shift in public attitudes merit the ubiquitous label “landmark research”, but here’s one that does. The Legatum Institute, a thinktank, and Populus have found levels of support for nationalising large parts of the economy that would have been hard to believe a few years ago.

In boardrooms across London, bank executives are deciding where to move tens of thousands of jobs in the event of a hard Brexit. Rival European financial centres, including Paris, Frankfurt and Luxembourg, are vying for the business – but Dublin is emerging as the most popular destination.

London house prices suffered a sharp slowdown in the second quarter, rising at the weakest rate in five years and falling behind the rest of the UK according to the latest snapshot of the property market from Nationwide.

The UK housing market is continuing to slow down, with falling property sales, “stagnant” buyer demand and general election uncertainty all adding up to one of the most downbeat reports issued by surveyors since the financial crash.

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Theresa May will signal that tackling the housing crisis will be a key theme of next week’s budget as pressure mounts on the chancellor, Philip Hammond, to release fresh resources to invest in building new homes.

Few opinion polls that claim to detect a shift in public attitudes merit the ubiquitous label “landmark research”, but here’s one that does. The Legatum Institute, a thinktank, and Populus have found levels of support for nationalising large parts of the economy that would have been hard to believe a few years ago.